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Eclipsed by Chinese rivals, LG ponders smartphone future File Photo: LG, based in Seoul, had been an early smartphone success story and still controls about 13% of the US market (REUTERS) Elizabeth Koh , The Wall Street Journal Once a dominant player, company’s beleaguered mobile division hasn’t been profitable in years, and CEO opens door to leaving the business Share Via Read Full Story China’s increasingly dominant smartphone makers are forcing a once-formidable rival to rethink its future in handsets. South Korea’s LG Electronics Co., still one of the biggest phone sellers in th...

Click the thumbs up > Tributes have been paid to MotoNovo head of strategic partnerships Peter Landers after he died following a three-week battle with COVID-19 coronavirus. The automotive sector finance business said in a statement issued this morning (January 7) that it was “with great sadness” that it had to announce the passing of the motor finance and industry stalwart at the age of 59. The statement revealed that Landers had “succumbed to this dreadful virus in the early hours of New Year’s Day”. Having worked at a senior level within The Associates, Capital Bank, Bank of Sco...

by Peter Landers (Wall Street Journal) Toyota Motor Corp.’s leader criticized what he described as excessive hype over electric vehicles, saying advocates failed to consider the carbon emitted by generating electricity and the costs of an EV transition. Toyota President Akio Toyoda said Japan would run out of electricity in the summer if all cars were running on electric power. The infrastructure needed to support a fleet consisting entirely of EVs would cost Japan between ¥14 trillion and ¥37 trillion, the equivalent of $135 billion to $358 billion, he said. “When politicians are out ...

Toyota’s Chief Says Electric Vehicles Are Overhyped Akio Toyoda says converting entirely to EVs could cost hundreds of billions of dollars and make cars unaffordable for average people Investors and big auto makers are pouring money into electric-vehicle startups in a search for the next Tesla, with the hopes of cashing in. One company is drawing more scrutiny than most. WSJ explains. Illustration: Jacob Reynolds/WSJ By Dec. 17, 2020 4:17 am ET TOKYO— Toyota Motor Corp.’s leader criticized what he described as excessive hype over electric vehicles...

Japan’s Asteroid Mission Retrieves Lots of Black Dirt Scientists find crumbly samples of the asteroid Ryugu in capsule, secure first sample of extraterrestrial gases The capsule from Japan’s Hayabusa2 mission revealed a large amount of asteroid material. Photo: JAXA/Agence France-Presse/Getty Images By Dec. 15, 2020 8:00 am ET TOKYO—Japan’s space agency said it recovered far more black dirt than it was targeting from the asteroid Ryugu, confirming the success of its Hayabusa2 mission nine days after it delivered its payload to th...